Sistema Shyam bids for 8 circles in CDMA spectrum auction

Sistema Shyam Teleservices (SSTL) on Monday bid for eight circles in the 2G spectrum auction for CDMA services. This is the second round of auction.

According to information disclosed by the Department of Telecommunication (DoT), SSTL has deposited Rs 613.75 crore for the auction. This makes the company eligible to bid for minimum quantum of 2.5 Megahertz spectrum (two blocks of 1.25 Mhz airwaves frequency) in 11 circles.



The company has already announced discontinuation of services in 10 of its 22 telecom circles - Assam, Andhra Pradesh, Bihar, Himachal Pradesh, Haryana, Jammu and Kashmir, Madhya Pradesh, North East, Orissa and Punjab.

It is expected that the spectrum auction will end by the third round, which could be the shortest online sale of radiowaves in terms of time consumed.

The auction for 2G spectrum for GSM players held in November 2012 was spread across three days fetching the government Rs 9,407 crore.

The spectrum auction for 3G services in 2010 ended after 34 days and 183 rounds of bidding. This was followed by 16-day long auction for wireless broadband (BWA) spectrum.

With inputs from PTI